Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of drugs targeting central nervous system disorders. It plays a crucial role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in complex organic molecules. This compound is also employed in the production of agrochemicals, contributing to the creation of more effective and selective pesticides. Additionally, it serves as a building block in materials science for designing advanced polymers and organic electronic materials. Its boronic acid group makes it valuable in sensor development for detecting specific biomolecules.